For Sale
$4,500,000

2900 BroadwayRiviera Beach, FL 33404

2.56 Acres, High-Density Zoning

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 2.56-acre land parcel in West Palm Beach's vibrant Northwood Village presents a compelling investment opportunity. Located on Broadway, this property comprises up to four contiguous lots, each offering direct frontage and rectangular shape ideal for efficient development. Zoned BMUD-1, the site allows for high-density residential construction, with potential for up to five stories or 72 feet in height. Massing studies suggest the potential for approximately 530 residential units across all four parcels. The property benefits from its location within a Federally Qualified Opportunity Zone, offering significant tax advantages. Surrounded by new high-end residential homes and exciting developments, including the nearby "Northwood Square" project (382 apartments and 63,200 square feet of commercial space), this site is poised for exceptional growth. The area boasts a curated "Work, Live, Play" environment, close proximity to beaches, Brightline, I-95, and Downtown West Palm Beach. Strong in-migration trends and robust rental rates support dense urban development, making this a highly attractive investment prospect. The asking price is $4,500,000. The property's APN is 74434309050230100. Lot sizes range from 0.43 to 2.56 acres.

Highlights

  • Economical rents compared to downtown West Palm Beach residential options, within a vibrant "Work, Live, Play" community.
  • Prime location near beaches, Brightline station, I-95, and Downtown West Palm Beach.
  • Qualified Opportunity Zone (QOZ) status provides significant tax advantages.
  • Significant recent investment in local infrastructure, including roads and parks.
  • Strong rental rates supporting high-density development with ample parking.
  • High demand for West Palm Beach apartments due to significant population growth.

Property Details for 2900 Broadway

Property type
Land
Lot Size (sq. ft)
18,731 SF

Location Insight

City
Riviera Beach
County
Palm Beach
State
Florida
Latitude
26.739323846126
Longitude
-80.05667340548
2900 Broadway, Riviera Beach, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2900 Broadway
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message